2025 EoR Market Forecast Globally and in Turkey

The Employer of Record (EoR) market in Turkey is poised for significant growth, reflecting global trends and the country's unique economic landscape.

Global EoR Market Overview

Globally, the EoR market was valued at approximately USD 4.42 billion in 2023 and is projected to reach around USD 7.80 billion by 2032, indicating a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032.

Turkey's EoR Market Dynamics

In Turkey, the demand for EoR services has been on the rise, particularly among foreign companies seeking to establish a presence without setting up a legal entity. This approach allows businesses to hire qualified employees swiftly while ensuring compliance with local labor laws and mitigating tax risks.

Factors Driving Growth

Several factors contribute to the expansion of the EoR market in Turkey:

Economic Developments: Despite challenges such as earthquake-related disruptions in 2023, Turkey's economic activity has remained robust, supported by significant wage increases and expansionary fiscal policies.

Strategic Location: Turkey's position as a bridge between Europe and Asia makes it an attractive hub for business expansion, offering access to diverse markets.

Skilled Workforce: The country boasts a skilled labor force, making it appealing for companies looking to tap into local talent without the complexities of establishing a subsidiary.

Projected Growth

While specific data on Turkey's EoR market size is limited, the increasing demand for flexible employment solutions and the global upward trend suggest a positive outlook. The market is expected to grow in alignment with global projections, potentially achieving a CAGR comparable to the global rate of 6.5% over the forecast period.

Conclusion

Turkey's EoR market is set to expand, driven by its strategic advantages and the global shift towards flexible employment solutions. Businesses aiming to enter the Turkish market can leverage EoR services to navigate the complexities of local employment regulations efficiently.